# NVA: Annual Report FY2026 - Additional ASX Information Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/nva-annual-report-fy2026-additional-asx-information--f9860b97-1d7a-4a06-8d4d-87302600587c Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03147204 Publisher: asx Original announcement: 2026-10-01T01:38:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-01T02:21:06.614Z Atlas analysis updated: 2026-10-01T02:21:06.614Z - Company: Nova Minerals Corp - Ticker: NVA - Exchange: ASX - Region: Alaska - Primary commodity: Gold - Secondary commodities: Antimony - Document categories: Resource update, Other - Extracted: 2026-10-01 02:21:07 UTC Narrative sentiment: -0.10 · Bearish ## Minestarters Atlas summary Nova Minerals Corp's Annual Report for FY2026 confirms that the Mineral Resources for the Estelle Gold and Critical Minerals Project remain unchanged since April 2023, reported in accordance with the 2012 JORC Code. The report also highlights the company's critical minerals strategy, targeting antimony production in 2027, and provides general corporate and shareholder information. Reasoning: The document is a routine annual report that explicitly states no change to the mineral resource estimate since April 2023, indicating a lack of new geological progress and low novelty, despite being JORC compliant and signed off by a Competent Person. - Positive factor: QP/CP Signed - Positive factor: JORC Compliant - Positive factor: Cut-off Disclosed - Negative factor: Stale Estimate - Negative factor: No new resource information Facts used in scoring: 2 ## Classification and evidence **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: The document states that the mineral resource estimate for the Estelle Gold and Critical Minerals Project has had 'no change since Mineral Resources were first estimated in April 2023', making the estimate over three years old by the effective date of 30 June 2026. Evidence · text > There has been no change since Mineral Resources were first estimated in April 2023. **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: The mineral resource estimate is reported 'in accordance with the 2012 Edition of the JORC Code'. Evidence · text > in accordance with the 2012 Edition of the JORC Code. **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: Mr Vannu Khounphakdy P.Geo. is named as the Competent Person who reviewed and approved the technical information in the release. Evidence · text > Mr Vannu Khounphakdy P.Geo., who is an independent consulting geologist of a number of mineral exploration and development companies, reviewed and approves the technical information in this release and is a member of the Australian Institute of Geoscientists \(AIG\), which is ROPO accepted for the purpose of reporting in accordance with ASX listing rules. Mr Vannu Khounphakdyhas sufficient experience relevant to the gold deposits under evaluation to qualify as a Competent Person as defined in the 2012 edition of the ‘Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: The document explicitly states the cut-off grades used for the mineral resource estimates at RPM \(0.20g/t Au\) and Korbel \(0.15g/t Au\). Evidence · text > The mineral resources estimates are estimated using cut-off grades at RPM 0.20g/t Au and Korbel 0.15g/t Au. ## Extracted facts Stored fact records: 2. Some facts used in scoring do not have a stored record. ## Resource Estimates (2) ### RPM [Link to this fact](https://atlas-staging.minestarters.com/news/nva-annual-report-fy2026-additional-asx-information--f9860b97-1d7a-4a06-8d4d-87302600587c#fact-resource-facts-0) Estelle Gold and Critical Minerals Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Estelle Gold and Critical Minerals Project - Commodity: gold - Region: usa\_ak - Reported Region: Alaska - Ticker: NVA #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Vannu Khounphakdy - Resource group id: resource:d72274467062794d3a14 - Deposit or zone: RPM #### Resource Data - Cutoff Grade: 0.2 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2023-04-01T00:00:00.000Z #### Dates - Event date: 2026-10-01T00:00:00.000Z Reasoning: The cut-off grade for the RPM zone is disclosed, but the overall resource estimate is explicitly stated as unchanged since April 2023, indicating low novelty and a stale estimate. - Positive factor: QP/CP Signed - Positive factor: JORC Compliant - Positive factor: Cut-off Disclosed - Negative factor: Stale Estimate - Negative factor: No new resource information Evidence · text > The mineral resources estimates are estimated using cut-off grades at RPM 0.20g/t Au #### Tags used in scoring **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### Korbel [Link to this fact](https://atlas-staging.minestarters.com/news/nva-annual-report-fy2026-additional-asx-information--f9860b97-1d7a-4a06-8d4d-87302600587c#fact-resource-facts-1) Estelle Gold and Critical Minerals Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Estelle Gold and Critical Minerals Project - Commodity: gold - Region: usa\_ak - Reported Region: Alaska - Ticker: NVA #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Vannu Khounphakdy - Resource group id: resource:8e77c6cf447ceb04f664 - Deposit or zone: Korbel #### Resource Data - Cutoff Grade: 0.15 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2023-04-01T00:00:00.000Z #### Dates - Event date: 2026-10-01T00:00:00.000Z Reasoning: The cut-off grade for the Korbel zone is disclosed, but the overall resource estimate is explicitly stated as unchanged since April 2023, indicating low novelty and a stale estimate. - Positive factor: QP/CP Signed - Positive factor: JORC Compliant - Positive factor: Cut-off Disclosed - Negative factor: Stale Estimate - Negative factor: No new resource information Evidence · text > The mineral resources estimates are estimated using cut-off grades at RPM 0.20g/t Au and Korbel 0.15g/t Au. #### Tags used in scoring **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.